6 Top Insurance Claims Management Software Platforms 2024
Insurance claims management software can streamline intake, evaluation, validation, payouts and closure. Unfortunately, not all platforms are built to the same standard
Insurance Claims
An insurance claim is a formal request to your insurance provider for reimbursement against losses covered under your insurance policy. Insurance is a financial agreement between you and your insurer. You have to pay a fixed premium.
Health, Life, Homeowner, and car insurance are the most popular types of claims.
An insurance claim is a request to the insurance company for payment after a policyholder experiences a loss covered by their policy. For example, if a home is damaged by a fire and the homeowner has insurance, they will file a claim to begin the process of the insurance company paying for the repairs.
In this section, we have collected the most current articles and reviews on the topic of the Insurance Claims.
Impact of Concert Cancellations on Insurers & Music Industry. Taylor Swift’s Insurance Case
The cancellation of major tour events, like concerts, poses significant financial risks for insurance industry. This impact is especially evident with high-profile artists
U.S. Homeowners Insurance Claims for Lightning Losses
$1.2 bn in lightning-related homeowners insurance claims were paid to more than 70,000 policyholders in the U.S., with $194 mn attributed to Texas alone
Dog Bite Liability Insurance Review: Claims & U.S.Legislation
Insurance policies often cover dog bite liability, providing financial protection for the owner against claims from bites or other injuries caused by their dog
Impact of Economic Inflation for US Liability Insurance Claims
US liability claims costs have risen by an annual average of 16% over the last five years, well above average rates of economic inflation at around 4%
AI-based Insurance Claims Management Systems May Even Be Tricked
Swiss Re’s SONAR report reveals that the threats on the horizon develop as dynamically as the technological, geopolitical and social changes
US Property & Casualty Insurance: P&C Insurance Pricing Trends
The intensity and spread of inflation is sending insurance claims costs soaring. Strong rate hardening in commercial insurance lines and personal lines rates support topline growth
EV Insurance. Impact of Electric Vehicles on the Insurance Industry
As the world is gearing up for a shift to allow environment-friendly electric vehicles, the changing landscape presents opportunities for the motor insurance industry
How Digital Twins Can Help Insurance Industry? Use Cases
As a way to visualize and contextualize data from physical and virtual assets, they bridge physical operations and digital capabilities
How Did Actress Amber Heard’s Insurance Cover Defamation Trial Against Johnny Depp?
The jury ruled in Depp’s favor, and Heard was ordered to pay $8.3 million. Heard then looked to her insurance company to pay the judgment
How Insurers Respond to Inflationary Shocks? Insurance Economics Perspective
Every insurer should closely monitor price developments, focusing on the drivers relevant to the respective insurance coverages, such as repair costs, construction prices or medical inflation
P&C Insurance Claims Landscape Becoming Increasingly Challenge for Insurers
The P&C insurance claims landscape is becoming increasingly challenging due to unprecedented claims inflation. There are many underlying causes—among them
How Artificial Intelligence Can Help Insurers Reduce the Inflation Impact?
Costs for everything from food to healthcare to insurance premiums have increased in the past few years – especially after the 2020 lockdown
How to Reduce the Premium in Car Insurance & Third-Party Liability Insurance?
While the former insurance covers any damage or injury incurred by a third party in case of an accident, the latter insures the damage suffered by your car
Insurance Claims Management. How Big Data & AI Technology Helps InsurTech?
The digitisation of claims management is a fundamental aspect of a modern and robust insurance operating model – but many insurers are still limited to using legacy systems
New Era of Insurance Claims Management and Customers Experience
Insurers are quickly entering a new era of claims management—one supported by rapid technological advancements and growing data availability
There are approximately 133 million healthcare data breaches each year. Healthcare systems remain complex to secure, and cybercriminals take full advantage of this
Insurance claims management software can streamline intake, evaluation, validation, payouts and closure. Unfortunately, not all platforms are built to the same standard
Canadian life insurance market new annualized premium grew 10% to C$522 mn ($387 mn) in Q2 2024 compared to the same period last year. Policy count also increased 4%
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